Gibraltar Industries, Inc. (NASDAQ:ROCK) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK) by 56.3% during the 4th quarter, Holdings Channel reports. The firm owned 6,934 shares of the construction company’s stock after selling 8,926 shares during the period. Teacher Retirement System of Texas’ holdings in Gibraltar Industries were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Gibraltar Industries by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 410,781 shares of the construction company’s stock worth $28,726,000 after acquiring an additional 19,614 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Gibraltar Industries by 29.5% in the 3rd quarter. Citigroup Inc. now owns 58,768 shares of the construction company’s stock worth $4,110,000 after purchasing an additional 13,392 shares in the last quarter. FMR LLC lifted its stake in Gibraltar Industries by 1,663.5% during the third quarter. FMR LLC now owns 726,667 shares of the construction company’s stock valued at $50,816,000 after purchasing an additional 685,462 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in Gibraltar Industries by 25.5% during the third quarter. Glenmede Trust Co. NA now owns 3,832 shares of the construction company’s stock worth $268,000 after buying an additional 778 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Gibraltar Industries by 48.7% in the third quarter. Captrust Financial Advisors now owns 6,091 shares of the construction company’s stock worth $426,000 after buying an additional 1,995 shares during the last quarter. Institutional investors own 98.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 20th.

Gibraltar Industries Trading Down 1.4 %

NASDAQ ROCK opened at $58.66 on Tuesday. Gibraltar Industries, Inc. has a 1 year low of $55.31 and a 1 year high of $81.90. The stock’s 50-day moving average price is $62.75 and its two-hundred day moving average price is $65.58. The company has a market cap of $1.74 billion, a PE ratio of 13.12 and a beta of 1.20.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Wednesday, February 19th. The construction company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. Gibraltar Industries had a net margin of 10.49% and a return on equity of 13.19%. The firm had revenue of $302.06 million during the quarter, compared to analyst estimates of $307.93 million. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was down 8.1% on a year-over-year basis. Research analysts forecast that Gibraltar Industries, Inc. will post 4.91 EPS for the current fiscal year.

Gibraltar Industries Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.